Economy

Citi cuts tech stock weighting: 'Difficult to see how everyone in AI/Tech path wins'

The tech trade is becoming rocky, and Citi thinks it's time for investors to trim positions in the sector.

We're adding to our position in a newly public stock that's still finding its footing

The purchase will help us build up this new position.

Minneapolis Fed President Neel Kashkari says he expects a rate hike this year

Kashkari said he sees a hike likely this year as the economy continues to feel the hit from spiking inflation.

Have $45,000 worth of credit card debt? Here's how much you could get forgiven.

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Here's how much interest a $40,000 long-term CD account can earn now

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There's a big rotation out of tech happening. How to trade it as the second quarter ends

Jeff Kilburg of KKM Financial breaks down this options trade that creates an income stream during the market rotation.

Jeremy Grantham says this is the most expensive market in 'American history'

Jeremy Grantham says soaring valuations around AI makes the U.S. stock market historically expensive.

Billionaire investor Jeremy Grantham says bitcoin will 'dwindle away with a whimper'

Jeremy Grantham renewed his long-running criticism of bitcoin, predicting it will gradually fade into irrelevance over decades.

Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4%

President Donald Trump's economic advisors are giving Warsh space, as the new Fed chairman, on interest rates as the president repeats calls to cut.

Apple, Microsoft blame chip shortage for price hikes on electronic products

Apple and Microsoft announced they're hiking prices for some electronic products, including computers and XBOX consoles, citing a shortage of memory chips. CNET editor-at-large Scott Stein weighs in.

The country's crude oil stockpile is at risk of operational failure: Watchdog

EXCLUSIVE — The Government Accountability Office has found that the Strategic Petroleum Reserve, the United States’s emergency stockpile of crude oil, is facing significant risks to its ability to operate and meet future energy crises, as inventories have hit their lowest level in 43 years.

‘Make people dream’: how to build an economy for the common good

Economist Prof Mariana Mazzucato says governments must ‘get back their mojo’ and believe they can change the world